Plans

Produce the fields in accordance with good oilfield practices, consistent with Government guidelines, assuring the health and safety of all ADMA-OPCO employees and contractors and minimizing any impact on the environment.

Increase ADMA-OPCO's production from 600 MBD to 1 MMBD by:

Maintain the integrity of all physical assets to timely deliver oil and gas at levels requested by Shareholders and Associated Ventures, and recommend timely replacement wherever necessary with minimum business interruption.

Monitor reservoirs performance and produce at optimum rates to ensure pressure support and to maximise the sweep efficiency of the reservoir. Conduct reservoir simulations and other technical studies to support high standards of reservoir management and to optimize long-term development plans technically and economically to achieve an aspiration of calculated ultimate recovery of 70%.

Achieve an annual average capacity of 600 MBD, from the developed reservoirs in Umm Shaif and Lower Zakum fields after commissioning of OAG Project at Das Island ( targeted for end 2008 ) and maintain it for at least 25 years beyond the 5 year plan period.

Targeting 300 MBD additional production from new fields [ Ghasha-Butini-West Mubarraz ( ADMAOPCO Share ), Umm Lulu, Nasr and Saath Al Raaz Boot ] by 2012 - 2014. Adopt where appropriate phased development plans to achieve 1st oil in year 2009,

Using additional production from Umm Shaif and Lower Zakum undeveloped reservoirs to bridge any gap to 1 MMBD.

Achieving 100 MBD additional production from Lower Zakum by 2009 - 2010, while adhering to pressure maintenance guideline.

Encourage investigation and appropriate adoption of innovative and emerging technologies to further improve field delopment / operation activities, in particular :

Evaluate and provide Shareholders with techno-economic evaluations of field tests and pilots of enhanced / improved oil recovery ( EOR / IOR ) options to maximize recovery.

Investigate the possibility of applying new techniques and methodologies that would enhance well productivity / injectivity and maximize the well value.

Ensure that projects are designed based on the relevant techno-economic criteria, and are executed within set schedules & budgets in accordance with the approved standards and acceptable industry practice.

Continue to recruit qualified UAE Nationals with an aspiration of 75% Emiratisation ( against core positions ) by 2009, whilst maintaining the requisite skill sets to ensure delivery of the Business Objectives, and to protect against the potential dilution of experience as a consequence of the aging workforce.

Continue exploration, appraisal and delineation drilling at an average rate of 1 well per year.

Construction yards [ Develop Contracting Strategy which targets that sufficient contractors are available ].

Ensure that sufficient resources are available to implement the plans associated with the new capacity increase, in particular ensure the availability of :

Additional rigs, vessels and Helicopters, Continue to provide quality services to Associated Ventures in accordance with agreements approved by the Board and Joint Management Committee.